HII Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 revenue $3.5 billion, up 10.8% year over year
- ➤Q3 diluted EPS $5.48, up 48.9% year over year
- ➤New Q3 contract awards totaled $32.4 billion
- ➤FY26 shipbuilding revenue guidance raised to $10.5-$10.7 billion
- ➤Mission Technologies awarded $2.2 billion Western Hemisphere surveillance contract
Expert Statements
Chris Kastner, President and CEO of HII
“Our third quarter results reflect solid performance across all three segments, and the significant awards we received during the quarter have now secured approximately 90 percent of our expected shipbuilding revenue through 2030. With that visibility, our focus is squarely on shipbuilding execution. At Mission Technologies, we won landmark maritime autonomy awards for the Medium Unmanned Surface Vessel (MUSV) and the Lionfish Small Unmanned Undersea Vehicle (SUUV), demonstrating our continued leadership in unmanned systems and maritime autonomy.”
NEWPORT NEWS, Va., Oct. 29, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) today reported results for the third quarter of fiscal 2026.
Highlights * Record third quarter revenues of $3.5 billion * Third quarter net earnings were $217 million or $5.48 diluted earnings per share * New contract awards in the third quarter totaled $32.4 billion * Company raises the FY26 shipbuilding revenue guidance range to between $10.5 and $10.7 billion(1) * Company reaffirms FY26 shipbuilding operating margin(2) guidance range of 6.0 to 6.5 percent(1) * Company reaffirms previously issued FY26 free cash flow(2) outlook(1) Third Quarter Results Third quarter 2026 revenues of $3.5 billion were up 10.8% from the third quarter of 2025, driven by growth at Newport News Shipbuilding and Ingalls Shipbuilding.
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